No Default Notice Clause Samples
The No Default Notice clause establishes that a party is not required to provide formal written notice to the other party in the event of a default under the agreement. In practice, this means that if one party fails to meet its obligations, the other party can immediately pursue remedies or enforce rights without first sending a default notice. This clause streamlines enforcement by removing procedural delays, ensuring that breaches can be addressed promptly and reducing the risk of technical defenses based on lack of notice.
No Default Notice. Seller has not received notice of a default or breach of any agreement related to the Property, and is not aware of any facts that would result in Seller being in default or breach of any such agreement.
No Default Notice. Sole Owner has not sent (i) any Default Notice to GELV (other than Default Notices, if any that have been rescinded or waived by Sole Owner in writing), or (ii) a Termination Notice to GELV.
No Default Notice. Except as described in Section 17 of the Disclosure Letter, the Company and its Subsidiaries have not received from any Third Party notice of violation of or default under any obligation, agreement, document, order, writ, injunction decree or Applicable Law of any Government Authority and, to the Company’s knowledge, there are no such outstanding defaults or notices of default in relation to any Third Party;